Category Archives: News

Grab a Glass and Celebrate!

Happy Anniversary to the Network of State Appraisal Organizations! Five years ago this week Appraisers from VaCAP, NCREAA and SCPAC met and the Network was formed. It has now grown to 30 organizations. Appraisers have a strong voice! 1000% growth in five years! Washington, Georgia (AGREA), Georgia (GCAP), Arizona, Arkansas, California (REAA), Californa (CCAP), Nevada,Delaware,… Read More »

Warning to Appraisers: AMC asking Appraisers to Violate State Law

Appraisers Beware! VaCAP has been informed an email has been sent to Virginia Appraisers from Xome Vender Manager, Adam Burg. The email, addressed to “undisclosed recipients,”  starts with  “Dear Virginia Appraisers.” The body of the email announces that SunTrust Bank has begun ordering a bifurcated valuation product with an interior inspection.   The appraiser is to… Read More »

New Head of FHFA

From our friends at the South Carolina Professional Appraiser Coaltion… Trump Chooses Pence Aide Calabria to Lead FHFA (From CQ News) President Donald Trump tapped conservative economist Mark Calabria to lead the Federal Housing Finance Agency, the government agency that oversees mortgage giants Fannie Mae and Freddie Mac. Calabria, who is Vice President Mike Pence’s… Read More »

2019 Legislative Update

Senate Bill No. 1168 Senate Bill 1168 has been introduced into the Virginia Senate by Senator Bill DeSteph and impacts Real Estate Appraisers and Appraisal Management Companies. The bill allows for a regulatory Board within the Department of Professional Occupation Regulations to “expunge” a disciplinary record of a licensee. See the bill in the Virginia… Read More »

Happy New Year

Thank you for your continual support of VaCAP.  We are not successful with you!  Change is happening. Yes, you have heard that before, but to be honest, it is true. For the first time ever, VaCAP is offering continued education in conjunction with our conference. This was a long time coming and was done in direct… Read More »

The Appraiser and Marijuana

Landy Insurance published an article written by Jennifer L. Markowski, a partner at Peabody & Arnold LLP, titled “Marijuana and the Residential Appraiser.” Although Virginia has not legalized marijuana, the guidance within the article is worthy of sharing. Appraisers need to be cautious when describing or reporting marijuana growing on a property. “While the mere… Read More »